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YES Ultra Short Term Fund - Direct Plan


Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.31 0.02 0.10 0.44 1.31 3.06 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.24 0.04 0.09 0.32 0.85 1.93 -- -- -- -- --
Debt: Ultra Short Duration 0.25 0.02 0.13 0.36 1.33 3.38 -- -- -- -- --
Rank within category 26 25 27 25 23 21 -- -- -- -- --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 0

As on 23-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.21 (09-Jul-2019 - 16-Jul-2019) 0.07 (04-Dec-2019 - 11-Dec-2019)
Month 0.78 (28-Jun-2019 - 30-Jul-2019) 0.40 (04-Dec-2019 - 03-Jan-2020)
Quarter 1.89 (13-Jun-2019 - 12-Sep-2019) 1.31 (18-Oct-2019 - 17-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -10.52 -- -- --
Debt: Ultra Short Duration* 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 15 3 40
Modified Duration (yrs) 0.25 0.28 0.14 0.36
Average Maturity (yrs) 0.25 0.30 0.09 0.44
Yield to Maturity (%) 5.23 7.30 5.11 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 182-D 21/05/2020 Treasury Bills SOV 0.00 - 44.61 44.61
equal Axis Bank 17/03/2020 Certificate of Deposit A1+ 0.00 - 36.50 15.01
equal IDFC First Bank 20/02/2020 Certificate of Deposit A1+ 0.00 - 12.05 12.05
equal Adani Ports and Special Economic Zone 90-D 17/02/2020 Commercial Paper A1+ 0.00 - 9.03 9.03
down HDFC Securities 90-D 12/02/2020 Commercial Paper A1+ 0.00 - 9.84 6.03
equal Hero FinCorp 91-D 12/02/2020 Commercial Paper A1+ 0.00 - 6.03 6.03
equal Reserve Bank of India 91-D 30/01/2020 Treasury Bills SOV 0.00 - 1.51 1.51

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Piyush Baranwal since 24-May-2019

Education: Mr.Piyush Baranwal is a B. Tech. in Electronics and communication from Manipal Institute of Technology,Manipal.He completed PGDBM in Finance from S.P.Jain Institute of Management and Reserch and CFA.

Experience: Prior to joining YES Mutual Fund he has worked with BOI AXA, Morgan Stanley Investment Management (Jan, 2011-June, 2014) and Principal Pnb AMC as a Dealer- Fixed Income (May, 2008-Jan, 2011).

Funds Managed:


0.02%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 1,040.8274

Dividend Weekly: ₹ 1,001.9249

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Dividend Monthly: ₹ 1,002.4734

Dividend Fortnightly: ₹ 1,001.6351

Dividend Daily: ₹ 1,001.4402


Investment Strategy

The scheme seeks to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: YES Mutual Fund
Launch Date: 06-Jun-2019
Return Since Launch: 4.08%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 33 Cr (As on 31-Dec-2019)
Expense: 0.30% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Jan-20200.1209

 22-Jan-20200.1107
 21-Jan-20200.1246
 20-Jan-20200.3249
 17-Jan-20200.1272
 16-Jan-20200.1327
 15-Jan-20200.0959
 14-Jan-20200.1192
 13-Jan-20200.3023
 10-Jan-20200.0856
 09-Jan-20200.1116
 08-Jan-20200.1175
 07-Jan-20200.1492
 06-Jan-20200.2778
 03-Jan-20200.1060
 02-Jan-20200.1639
 01-Jan-20200.1346
 31-Dec-20190.1318
 30-Dec-20190.4245
 27-Dec-20190.1612
 26-Dec-20190.2145
 24-Dec-20190.1311
 23-Dec-20190.3191
 20-Dec-20190.1031
 19-Dec-20190.1236
Dividend Fortnightly21-Jan-20201.3230

 07-Jan-20201.5300
 24-Dec-20191.3416
 10-Dec-20191.3878
 26-Nov-20191.2961
 13-Nov-20191.4314
 30-Oct-20191.8536
 15-Oct-20191.8545
 01-Oct-20191.7020
 17-Sep-20191.5014
 04-Sep-20191.9485
 20-Aug-20191.9447
 06-Aug-20192.2538
 23-Jul-20192.1105
 09-Jul-20192.4646
 25-Jun-20191.7983
Dividend Weekly21-Jan-20200.7189

 14-Jan-20200.5508
 07-Jan-20200.8466
 31-Dec-20190.6644
 24-Dec-20190.7678
 17-Dec-20190.6168
 10-Dec-20190.4138
 03-Dec-20190.7561
 26-Nov-20190.6750
 19-Nov-20190.4159
 13-Nov-20190.7512
 05-Nov-20190.6116
 30-Oct-20190.9213
 23-Oct-20191.0501
 15-Oct-20190.6312
 09-Oct-20191.1042
 01-Oct-20191.1203
 24-Sep-20190.6691
 17-Sep-20190.6665
 11-Sep-20190.8765
 04-Sep-20191.1170
 27-Aug-20190.8143
 20-Aug-20190.8473
 14-Aug-20191.1473
 06-Aug-20191.1128
Dividend Monthly15-Jan-20203.0014

 16-Dec-20192.8539
 15-Nov-20193.6263
 15-Oct-20193.7116
 16-Sep-20193.4597
 16-Aug-20195.0166
 15-Jul-20195.4661

News & Analysis

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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